Delta Sonic Car Wash Systems, Inc. 401(k) Review & Grade
Delta Sonic Retirement Savings Plan
Buffalo, NYOther Services1,233 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,431Employer $ per active participant
$2,960Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$54.2MNet plan assets, end of year
$74,558Average balance per account
Score breakdown
- Employer generosity27.7 / 5055th percentile for employer $ per participant
- Low cost14.0 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 56th |
| Employee saving | 57th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Corrective distributions: the plan refunded $112 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Delta Sonic Car Wash Systems put in about $1,431 per active participant, more than the typical peer ($1,257). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,764,681 |
| Participant (employee) contributions | $3,650,065 |
| Other contributions (incl. rollovers in) | $153,841 |
| Administrative expenses paid from the plan | $93,071 |
| Contract administrator fees | $74,016 |
| Investment advisory & management fees | $19,055 |
| Benefits paid out | $1,511,362 |
| Net assets, start / end of year | $44.0M / $54.2M |
| Active participants, start / end of year | 1,120 / 1,346 |
| Participants with account balances | 727 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brock, Schechter & Polakoff, LLP |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Svcs | $77,824 reported compensation |
| Ubs Financial Services, Inc. | $15,247 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010161148NAL0008001729001, received 2025-10-10, EIN 16-0972035, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.